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The Collaborative International Dictionary of English v.0.48:

Losel \Los"el\, n. [From the root of lose, loss. [root]127. Cf. Lorel.] One who loses by sloth or neglect; a worthless person; a lorel. [Archaic] --Spenser. [1913 Webster] One sad losel soils a name for aye. --Byron. [1913 Webster]
The Collaborative International Dictionary of English v.0.48:

Losel \Los"el\, a. Wasteful; slothful. [1913 Webster]